Search Results for: europe
Goldman Sachs Trade Was Caught Short by Swiss Bank Move
January 16th, 2015
The Swiss move to scrap the floor that kept its currency’s strength in check against the euro caught most people by complete surprise. Among them: Goldman Sachs GS -0.97%. One of its key trading ideas for 2015 has been ...
Switzerland Legislates For Automatic Exchange tax-related information
January 16th, 2015
The Swiss Federal Council has launched two parallel consultations on legislation that would enable Switzerland to automatically exchange tax-related information from 2018. The first consultation concerns draft legislation arising from Switzerland’s October 2013 signature of the Organisation for Economic ...
What the Swiss franc shock means for markets
January 16th, 2015
Dennis Gartman told CNBC the Swiss decision Thursday to abandon a key part of its monetary policy is the worst central bank move he’s ever seen. “This really is I think a silly decision on their part and it ...
Euro pinned near 11-year low as SNB move beefs up bets on ECB stimulus
January 16th, 2015
The euro languished just above an 11-year trough on Friday as investors wagered that the Swiss move to abandon its currency cap meant it was almost certain the European Central Bank would launch large-scale bond buying next week. The ...
Asian Stocks Slide With U.S. Futures, Bonds Climb on SNB
January 16th, 2015
Asian shares dropped with U.S. index futures as the market turmoil sparked by Switzerland abandoning the franc’s cap extended into a second day. Sovereign bonds rallied and gold traded near a four-month high. The MSCI Asia Pacific Index fell 0.6 percent ...
Cyprus: a Recovery in Progress
January 15th, 2015
Cyprus’s banks all passed the European Central Bank’s stress tests, a result that is indicative of the recovery that is under way in the country’s financial sector. However, for these institutions to return to full health they must tackle ...
EU legal advisor supports ECB’s bond purchase plan
January 15th, 2015
EU Advocate General Cruz Villalon on Wednesday gave legal support to the European Central Bank (ECB) plan to purchase government bonds as an attempt to remedy the financial crisis in the Eurozone. The Outright Monetary Transactions program sets economic ...
Markets retreated while oil rebounded
January 15th, 2015
US stock market ended the session lower for the fourth consecutive day as a weaker than expected December retail sales report released before the start of trading sparked investor concern over the pace of US economic growth. As retail ...
Euro-MPs back LuxLeaks tax probe
January 15th, 2015
European lawmakers backed an official probe into tax evasion Wednesday, a hot topic after the “Luxleaks” scandal that has embroiled EU commission head and former Luxembourg premier Jean-Claude Juncker. The Greens group said it had collected enough votes to ...
Deutsche Bank considers retail bank spin-off
January 15th, 2015
Deutsche Bank is considering spinning off its retail banking operations as regulators push Germany’s biggest lender to lower its debt levels and stop it using deposits collected from consumers to fund its investment bank. The politically sensitive move could ...
